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The Essay begins in Part I with a summary of the problems presented by standardized terms in consumer transactions. Part II describes the contracting practices that dominate the modern credit card industry. I argue that sophisticated card issuers have learned to exploit the boilerplate features of their agreements to produce a set of dynamic ...
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Do Consumers Choose the Right Credit Contracts? [PDF]
We analyze an experiment conducted by a large U.S. bank that offered consumers achoice between two credit card contracts, one with an annual fee but a lowerinterest rate and one with no annual fee but a higher interest rate. We findthat on average consumers chose the credit contract that minimized their costs.A substantial fraction of consumers (about ...
Agarwal, Sumit +3 more
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Rural Labor Supply and Economic Opportunities: Commuting, Migration, Tariffs, and Immigration
ABSTRACT Some rural counties remain dependent on agricultural or manufacturing jobs, but an increasing proportion have diversified economics. Rural counties also differ in their abilities to commute to an urban market characterized by higher wages and labor productivity.
Peter F. Orazem, Mary C. Ahearn
wiley +1 more source
Risk of Credit Cooperatives: An analysis based on the profile of the cooperated
This work has as purpose to analyze among the credit operations, those that generate larger breach of contract risk for the cooperative, with base in the profile of the cooperated, and to identify which the strategies can be pointed to avoid possible ...
José Roberto de Souza Francisco +2 more
doaj
ABSTRACT The California dairy industry has experienced considerable consolidation over the past 30 years. During this period, there has also been substantial technological innovation, implementation of the state's Low Carbon Fuel Standard program, and rapid adoption of anaerobic digesters.
Michael McCullough, Jarrett Hart
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Can Soft Clauses in Letter of Credit Transactions Be Considered Letter of Credit Fraud in China?
Documentary credit (also letter of credit, or more formally documentary letter of credit), which was created in trade and business several hundred years ago, is a well known financial method for international trade parties nowadays.
Yanan Zhang
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Contract Farming Preferences of Smallholder Rice Producers in Benin: A Stated Choice Model Using Mixed Logit Erodibility [PDF]
In developing countries, smallholder farmers face many constraints including lack of information, and lack of access to credit and markets. To overcome these constraints, smallholder farmers can engage in contract farming. However, contract farming needs
Arouna, A. +4 more
doaj
This study is designed to solve supply chain inefficiencies caused by some members' financial problems, such as capital shortages and financing restrictions in a stochastic environment. To this end, we have established a supply chain finance framework by
Faranak Emtehani +2 more
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ABSTRACT Contract farming is a viable strategy agribusinesses rely on to strengthen coordination across actors in the value chain. However, low contract compliance remains a significant setback to agribusinesses' contract performance in low‐ and middle‐income country context.
Umar Shehu Umar +2 more
wiley +1 more source
The Incentive Model in Supply Chain with Trade Credit and Default Risk
Trade credit is widely used for its advantages. However, trade credit also brings default risk to the manufacturer due to the uncertain demand. And moral hazard may aggravate the default risk. The purpose of this paper is to investigate the role of moral
Hong Cheng +4 more
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